Nissan Finance Claims
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Fairweather Group Ltd t/a ClaimExperts.co.uk do not give legal advice. You do not need to use a claims management company to make a claim. You have the right to use the relevant Financial Ombudsman Service to seek redress for free. More information on your particular Ombudsman can be found on our Terms & Conditions. You can also seek legal advice elsewhere.
The No Win No Fee Success Fee is based on which expert panel member we refer you to and is payable to them. Our panel currently consists of a number of law firms, which can also be found on our Terms & Conditions.
The maximum the legal panel will charge for this particular claim as a success fee is up to 36% inc. VAT.
There may be a termination fee if you cancel your claim with a panel member after the cooling-off period. We are paid a referral fee by our panel members for a successful introduction. Fairweather Group Ltd will not charge you for our service.
Have you recently purchased a car or motor vehicle from a Nissan dealership, only to find out later that the finance contract was mis-sold to you? If so, there is good news—you may be entitled to claim compensation. Learn if you can make a Nissan Finance mis-sold PCP claim today.
Who Are Nissan Finance?
Nissan Finance is a financial services company that provides a wide range of automotive financing options to customers throughout the United Kingdom. They offer a variety of leasing, financing and insurance products to help customers meet their transportation needs. Nissan Finance is a subsidiary of Nissan Motor Corporation, a leading global automaker headquartered in Japan.
They work closely with Nissan dealerships nationwide to provide financing options for customers purchasing new and used Nissan vehicles. In addition to financing options, Nissan Finance UK offers a range of insurance products to help protect customers and their vehicles. These include coverage for theft, accident and damage to both the vehicle and its contents.
What Is a Mis-Sold Car Finance Claim?
Nissan Finance mis-sold car finance claims can take several forms. A balloon payment is a lump sum payment made at the end of the term of the agreement, which enables the individual to buy the car outright or refinance the outstanding balance.
Dealers may encourage individuals to opt for this type of agreement by emphasising the lower monthly payments, without explaining the full extent of the payment obligations at the end of the term.
This can result in individuals being forced to refinance the outstanding balance at high-interest rates or being unable to afford the balloon payment and losing the car altogether.
Another issue with these types of agreements is that dealers may include additional products, such as insurance, GAP insurance, or extended warranties, within the agreement without obtaining the individual's informed consent.
This can result in individuals paying for products they do not need or want and may not even be aware of until they receive the first payment invoice.
To be eligible for a mis-sold car finance claim, an individual must be able to demonstrate that they were misinformed or misled into entering into the finance agreement and that the dealer was in breach of their statutory and regulatory obligations.
Additionally, the claimant must provide supporting documentation, such as the finance agreement, any correspondence with
The Key Facts Of Mis-Sold Car Finance
Huge Amounts Of Commission
The FCA has found that sales commission was paid on 95% of car finance agreements they analysed.
Over Payments On Deals
They estimate that on a typical car finance agreement of £10,000, the customer paid around £1,100 more in interest than they should have.
Costing Customers Millions
This could have been costing customers a combined £300m annually.
Commission Model Now Banned
The Increasing Difference in Charges (DiC) commission model was banned by the FCA in January 2021.
Could Be Billions Owed
Experts are suggesting this mis-selling scandal could be as large as the PPI saga (£40bn).
Claims Relate To Hidden Commission
Claims relate to specifically to a hidden commission that could have been charged to you without you knowing.
How Could Nissan Finance Have Mis-Sold My Car Finance Agreement?
Nissan Finance car finance claims can be made by customers who believe they have been mis-sold car finance by the company. Some common reasons for mis-sold car finance by Nissan Finance include failing to explain the risks and commitments of the agreement, misrepresenting the terms and conditions, not providing enough information and not informing customers about undisclosed commissions.
Nissan Finance mis-sold PCP is not an isolated incident; it has affected many customers. Mis-sold PCP by Nissan Finance refers to enticing customers into PCP agreements without ensuring they fully understand the terms of the agreement. Customers who were led to believe that they could easily upgrade their car or switch to a different model without incurring extra costs have found themselves in difficult situations.
In many cases, customers are also not informed by salespeople about the commissions they earn from product sales. This can be a significant problem because undisclosed commissions can lead to higher customer prices. Victims of this practice may file a Nissan Finance undisclosed PCP commission claim.
How Much Can I Receive for a Nissan Finance PCP Claim?
If you are considering filing a PCP claim, you may be wondering how much you could receive in Nissan Finance car finance compensation. The amount you may receive will depend on various factors, including the type of claim you file, the extent of your losses and the terms of your finance agreement.
For instance, if you have paid a significant deposit at the start of the agreement, you may be entitled to claim a higher compensation than if you had paid a smaller deposit.
To determine the potential amount that you may receive for a Nissan Finance PCP claim, it is recommended that you seek legal advice from a qualified professional with experience in this area. We can guide you on your options and the amount of compensation you may be entitled to.
How Can I Start My Car Finance Claim against Nissan Finance?
One of the most important steps in starting your car finance claim is to gather all the necessary information and documents related to your case.
This may include your car finance agreement, any correspondence with Nissan Finance and any documentation related to the purchase, maintenance, or repair of your vehicle.
Once you have the necessary information, our legal panel can work with you to build a strong Nissan Finance Car finance claim. This may involve gathering additional evidence, such as witness statements or expert testimony, and developing a legal strategy that is tailored to the specific circumstances of your case.
It is also important to remember that car finance claims can take time and require much effort and resources. However, with the help of our experienced panel of mis-sold car finance solicitors, you can be confident that your case will be handled professionally and efficiently, and you will have the best chance of receiving the compensation you deserve.
Important Information
Fairweather Group Ltd t/a ClaimExperts.co.uk do not give legal advice. You do not need to use a claims management company to make a claim. You have the right to use the relevant Financial Ombudsman Service to seek redress for free. More information on your particular Ombudsman can be found on our Terms & Conditions. You can also seek legal advice elsewhere.
The No Win No Fee Success Fee is based on which expert panel member we refer you to and is payable to them. Our panel currently consists of a number of law firms, which can also be found on our Terms & Conditions.
The maximum the legal panel will charge for this particular claim as a success fee is up to 36% inc. VAT.
There may be a termination fee if you cancel your claim with a panel member after the cooling-off period. We are paid a referral fee by our panel members for a successful introduction. Fairweather Group Ltd will not charge you for our service.
Ready To Get Started?
ClaimExperts.co.uk provides a free educational service to the public, and connects potential claimants with legal firms operating on our panel. For Car Finance Claims, we use our sister website, claim.co.uk.
Our panel of legal firms all:
- Operate on a No-Win, No Fee Basis
- Require No Upfront Fees
- Can Find All Car Agreements In Minutes
Start your claim today by completing the quick enquiry form on claim.co.uk.
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Important Information:
Fairweather Group Ltd t/a ClaimExperts.co.uk do not give legal advice. You do not need to use a claims management company to make a claim. You have the right to use the relevant Ombudsman to seek redress for free. More information on your particular Ombudsman can be found on our Terms & Conditions. You can also seek legal advice elsewhere.
The No Win No Fee Success Fee is based on which expert panel member we refer you to and is payable to them. Our panel currently consists of a number of law firms, which can also be found on our Terms & Conditions. The No Win, No Fee varies, but is generally between 25%- 50%+VAT.
There may be a termination fee if you cancel your claim with a panel member after the cooling-off period. We are paid a referral fee by our panel members for a successful introduction. Fairweather Group Ltd will not charge you for our service.